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Thread: DGL and GOLD

  1. #61
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    An honest discussion? "socialist" soros. He is one of the worlds best capitalists. You dont know what your talking about.
    He made money on his last trade on gold. We shall see if he makes or loses money on his first quarter buy. Dont get too excited. My quess is his bet on gold is less than 1% of his investment portfolio and he seems to have a knack of turning
    most investments into gains. Hence the reason he is a billionaire.
    Lol


    An honest discussion? From a guy who want even acknowledge that Mr. Schiff has been thoroughtly researched and he comes up lacking. There is overwhelming evidence that he gets most of his predictions wrong. And that is why you arent able to address this ONE article. There are many more. YOu can hide but you wont get away with it.
    That's encouraging. I will hold DGL now, and I bought way lower than Soros. If he gains, I will really gain. That's awesome. Good to see you finally read the article having posted a 2011 article in response..........

    There is overwhelming evidence that Schiff makes great predictions well in advance of anything happening. A$$wipes like you were telling him he's foolish for saying such things... I hope history doesn't repeat.

    So that bold print right above hasn't caught your attention?

    How about this:http://www.youtube.com/watch?v=2I0QN-FYkpw What do you think of his comment at the 32 to 36 second mark? Funny how you want to dismiss it as ancient history when we are still feeling the effects RIGHT NOW of that prediction in 2006. That makes you genuinely stupid, and you cannot hide from it (unless you get Charles to delete this thread). Once your meds kick in, you will probably drop him a note. Don't blame you. I'd be embarrased too.

    If you make a comment on the video at teh 32 to 36 second mark, I will buy you this book. http://www.amazon.com/gp/product/159...d_i=B002N82NNY

    Unlike you, I am not a chump.

  2. #62
    Havakasha is offline
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    What the hell are you talking about? "asswipes like you were telling him he was foolish"
    Your knowledge of history is laughable. People like me and Krugman and Roubini
    were railing against Greenspan for his low interest policies as well as his support
    of the Bush tax cuts which help lead to our huge deficits.

    You would be wise to abandon Mr. schiff and follow Mr. Soros.
    Seems like you have already taken my advice.
    Only problem is you will probably listen to Mr. Schiff tell you gold will
    go to $12,000 in the next year or so and forget to sell at or near the real highs. LMFAO

    Please tell us how you know mr. Soros who escaped Communism and Nazism,
    and who came to the U.S. for its freedoms, and is one of the saviest investors in the world
    can be called a "Socialist" by the likes of someone like you? You are displaying an
    unhinged quality full of lots of innuendos and outright lies. You really need to calm down.

    " i bought WAY lower than Soros."

    Can you tell me at what price Mr. Soros first bought gold and at what price he sold it?

    Can you tell me at what price he has recently bought gold and what price he will sell it?

    "There is overwhelming evidence that Schiff makes great predictions well in addvancce of anything happening?"

    Really? WOW. Finally got you to put your true feelings on paper. Your CULT HERO is nothing but
    a CHARLATAN.

    Please explain how someone with such great predicting acumen would say that in Jan. 2011 we would experiencea "CATASTROPHIC" STOCK MARKET COLLAPSE (somthing that he has been preidcting for 20 out of 20 years), Please tell all of us how this individual would say that the U.S. would experience HYPERINFLATION in 2010, 2011, 2012, Please tell us how such an individual would predict. that 10 year treasuries would rise to 6% in 2011, and please explain to us how such an esteemed individual would predict that GOLD would rise to $!2,000 and or the Dow will sink to 1,400. in the next 2 years.

    These predictions are COMPLETELY WRONG. Not only that but they are clearly so wrong as to make clear that Mr. Schiff economic theories and investing predictions put him in the crackpot category.



    "In other words, Peter Schiff may be a classic case of a stopped clock: he's been predicting a market decline FOREVER and when the market has declined he's hailed as a genius by his cult fans."

    http://seekingalpha.com/article/1068...hiff-right-now

    Now, had you listened to Peter in 2002, 2003, 2004, 2005, 2006 or even 3/4 of 2007, you lost your shirt. Had you placed bets based on Schiff's market calls, you lost everything you wagered.

    The S&P (.INX) went from 1054 in May of 2002 (the date of the interview) to 1561 in Oct. 2007, a 48% gain and the Dow (.DJI) rose 40%.

    Banking stocks, the primary victim of the housing bust, went up (JP Morgan (JPM) 36%, Bank of America (BAC) 41%, Wells Fargo (WFC) 39% , Wachovia (WB) 31% and American Express (AXP) 51%) during that time frame (dividends excluded which would dramatically add to results).

    Bottom line? Had you listened to Mr. Schiff at anytime before Oct. 2007, you lost...big. To those who did, there is little consolation in the praise being heaped on him today.

    Milton Freidman said, "markets can stay dislocated longer than you can stay solvent." For those who bet with Schiff between 2002-2007, they know the statement well.

    Why is it a big deal? After all, Berkshire's (BRK.A) Warren Buffett claims he cannot time the market and often watches share prices decline in investments (like recent investments in Goldman Sachs (GS) and GE) before a rebound. How is this any different?

    For one, Warren's loss is limited to his investment. He buys 1 share of stock "a" at $25. $25 is the most he can lose.

    Now, if we listen to Peter and "short" stock "a" at 25, our loss has no limit. If it goes to $100, we lose $75. In shorting, we are only limited in our upside. If "a" goes to zero, "Schiffers" profit $25.

    Buffett's strategy is an investing one and Schiff's is a trading and timing one.

    Buffett followers can hold their shares, collect their dividend and wait for the rebound. Schiff followers collect no dividend and watched for over 5 years as their bet went wrong. How many stuck around? How many shorted into every market drop or "presumed" top over 5 years, only repeatedly losing money as the market kept rising and Schiff kept pounding his message home?

    Schiff should not be getting the praise he is getting today for being "so right" after saying the same thing and being "so wrong" for the previous 5 years.
    Last edited by Havakasha; 05-18-2012 at 12:31 PM.

  3. #63
    SiriuslyLong is offline
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    Quote Originally Posted by Havakasha View Post
    " i bought WAY lower than Soros."

    Can you tell me at what price Mr. Soros first bought gold and at what price he sold it?

    Can you tell me at what price he has recently bought gold and what price he will sell it?

    "There is overwhelming evidence that Schiff makes great predictions well in addvancce of anything happening?

    Well then please explain this article. Thanks.



    "In other words, Peter Schiff may be a classic case of a stopped clock: he's been predicting a market decline FOREVER and when the market has declined he's hailed as a genius by his cult fans."

    http://seekingalpha.com/article/1068...hiff-right-now

    Now, had you listened to Peter in 2002, 2003, 2004, 2005, 2006 or even 3/4 of 2007, you lost your shirt. Had you placed bets based on Schiff's market calls, you lost everything you wagered.

    The S&P (.INX) went from 1054 in May of 2002 (the date of the interview) to 1561 in Oct. 2007, a 48% gain and the Dow (.DJI) rose 40%.

    Banking stocks, the primary victim of the housing bust, went up (JP Morgan (JPM) 36%, Bank of America (BAC) 41%, Wells Fargo (WFC) 39% , Wachovia (WB) 31% and American Express (AXP) 51%) during that time frame (dividends excluded which would dramatically add to results).

    Bottom line? Had you listened to Mr. Schiff at anytime before Oct. 2007, you lost...big. To those who did, there is little consolation in the praise being heaped on him today.

    Milton Freidman said, "markets can stay dislocated longer than you can stay solvent." For those who bet with Schiff between 2002-2007, they know the statement well.

    Why is it a big deal? After all, Berkshire's (BRK.A) Warren Buffett claims he cannot time the market and often watches share prices decline in investments (like recent investments in Goldman Sachs (GS) and GE) before a rebound. How is this any different?

    For one, Warren's loss is limited to his investment. He buys 1 share of stock "a" at $25. $25 is the most he can lose.

    Now, if we listen to Peter and "short" stock "a" at 25, our loss has no limit. If it goes to $100, we lose $75. In shorting, we are only limited in our upside. If "a" goes to zero, "Schiffers" profit $25.

    Buffett's strategy is an investing one and Schiff's is a trading and timing one.

    Buffett followers can hold their shares, collect their dividend and wait for the rebound. Schiff followers collect no dividend and watched for over 5 years as their bet went wrong. How many stuck around? How many shorted into every market drop or "presumed" top over 5 years, only repeatedly losing money as the market kept rising and Schiff kept pounding his message home?

    Schiff should not be getting the praise he is getting today for being "so right" after saying the same thing and being "so wrong" for the previous 5 years.
    He bought in 1Q2012. I bought well over a year ago. Don't try and be cute. He's investing in GLD which tracks the same at DGL.

    Explain this article? Well, first off I did already. But I will now add that shorting is not a good investment strategy for the every day average investor like me. Again, separate the wheat from the chaff and stay with dividend paying stocks with diverse international sales. Buffet would agree with that (as I have already said).

    If he predicts things well in advance then maybe it didn't happen yet? Let's hope not. As I've tried to point out with no avail, Schiff's predictions should at the minimum serve as a warning to take action (remember the discussion of the basis of his comments?) No, you want to act like you don't have a brain, and take them for face value. That's truly disengenuine.

    Any actions? Well, here's the verifiable proof that there isn't: http://www.usdebtclock.org/ In fact, there has been so little action that we are now again talking about raising the debt ceiling. More verifiable proof that there is no action.

    No action? Ask Spain and Greece about no action. Ask them about unsustainable ever increasing national debt.....

  4. #64
    SiriuslyLong is offline
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    Quote Originally Posted by SiriuslyLong View Post
    That's encouraging. I will hold DGL now, and I bought way lower than Soros. If he gains, I will really gain. That's awesome. Good to see you finally read the article having posted a 2011 article in response..........

    There is overwhelming evidence that Schiff makes great predictions well in advance of anything happening. A$$wipes like you were telling him he's foolish for saying such things... I hope history doesn't repeat.

    So that bold print right above hasn't caught your attention?

    How about this:http://www.youtube.com/watch?v=2I0QN-FYkpw What do you think of his comment at the 32 to 36 second mark? Funny how you want to dismiss it as ancient history when we are still feeling the effects RIGHT NOW of that prediction in 2006. That makes you genuinely stupid, and you cannot hide from it (unless you get Charles to delete this thread). Once your meds kick in, you will probably drop him a note. Don't blame you. I'd be embarrased too.

    If you make a comment on the video at teh 32 to 36 second mark, I will buy you this book. http://www.amazon.com/gp/product/159...d_i=B002N82NNY

    Unlike you, I am not a chump.
    Any comment on the 32 to 36 second mark?

  5. #65
    Havakasha is offline
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    YOU said Mr. Soros is a "socialist"?
    Please defend. A MAN would back up his charges.


    We all know he bought recently in first quarter 2012.

    I asked you about his first purchase and his subsequent sale. How much
    did he make? Remember he bought low and sold higher then you ( of course you
    waited for it to go down 25% and didnt sell) and will probably be
    doing that again. He is not greedy like some people we know.
    He does not believe gold will go to $12,000 in the next
    year in a half like the guy who you hold in such high esteem did.


    I will address your 32nd and 36 second remark after you address the article
    and everything else i have posted about mr. Schiff which demonstrates his
    irresponsiblity in his investing approach. Its what i have been chasing for 2
    years with you. Some honesty would be breadth of fresh air. Good luck.
    And dont try and change the subject to "meds". LMFAO.


    Your not trying to claim your a better investor then Mr. Soros are you?
    Please, oh please try to claim that. LMFAO.
    Last edited by Havakasha; 05-17-2012 at 05:34 PM.

  6. #66
    Havakasha is offline
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    http://seekingalpha.com/article/1068...hiff-right-now

    Now, had you listened to Peter in 2002, 2003, 2004, 2005, 2006 or even 3/4 of 2007, you lost your shirt. Had you placed bets based on Schiff's market calls, you lost everything you wagered.

    The S&P (.INX) went from 1054 in May of 2002 (the date of the interview) to 1561 in Oct. 2007, a 48% gain and the Dow (.DJI) rose 40%.

    Banking stocks, the primary victim of the housing bust, went up (JP Morgan (JPM) 36%, Bank of America (BAC) 41%, Wells Fargo (WFC) 39% , Wachovia (WB) 31% and American Express (AXP) 51%) during that time frame (dividends excluded which would dramatically add to results).

    Bottom line? Had you listened to Mr. Schiff at anytime before Oct. 2007, you lost...big. To those who did, there is little consolation in the praise being heaped on him today.

    Milton Freidman said, "markets can stay dislocated longer than you can stay solvent." For those who bet with Schiff between 2002-2007, they know the statement well.

    Why is it a big deal? After all, Berkshire's (BRK.A) Warren Buffett claims he cannot time the market and often watches share prices decline in investments (like recent investments in Goldman Sachs (GS) and GE) before a rebound. How is this any different?

    For one, Warren's loss is limited to his investment. He buys 1 share of stock "a" at $25. $25 is the most he can lose.

    Now, if we listen to Peter and "short" stock "a" at 25, our loss has no limit. If it goes to $100, we lose $75. In shorting, we are only limited in our upside. If "a" goes to zero, "Schiffers" profit $25.

    Buffett's strategy is an investing one and Schiff's is a trading and timing one.

    Buffett followers can hold their shares, collect their dividend and wait for the rebound. Schiff followers collect no dividend and watched for over 5 years as their bet went wrong. How many stuck around? How many shorted into every market drop or "presumed" top over 5 years, only repeatedly losing money as the market kept rising and Schiff kept pounding his message home?

    Schiff should not be getting the praise he is getting today for being "so right" after saying the same thing and being "so wrong" for the previous 5 years.



    You wouldnt believe some of the stuff Schiff has predicted for 2009, 2010, 2011, 2012. It just goes on and on. Incompetent at
    best.

  7. #67
    Havakasha is offline
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    Another little tibit from the treasure trove of things Mr. Schiff got wrong.

    Peter Schiff: Obama Stimulus Will Destroy Jobs
    Joe Weisenthal|January 08, 2009|0|0

    3 million new jobs? That's Obama's goal for his stimulus, but one of the most astute commentators on the current crisis says it's total hogwash. EuroPacific Capital chief Peter Schiff, who's gained a Roubini-like cult following, told Fox Business that, if anything, the plan will destroy jobs:
    Brian Sullivan: He talked about job losses and we need job creation. He said he wants to create 3 million new jobs, which 80% would be private sector, which means 600,000 would be to government, but then he didn’t say anything that I heard that said how he would create those jobs.


    WELL IT TURNS OUT THAT THE OBAMA ADMINISTRATION ACTUALLY CREATED OVER 4 MILLION JOBS PRIVATE SECTOR JOBS.
    SCHIFF SAID HE WOULDNT CREATE ANY, ONLY DESTROY THEM.

  8. #68
    SiriuslyLong is offline
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    Quote Originally Posted by SiriuslyLong View Post
    That's encouraging. I will hold DGL now, and I bought way lower than Soros. If he gains, I will really gain. That's awesome. Good to see you finally read the article having posted a 2011 article in response..........

    There is overwhelming evidence that Schiff makes great predictions well in advance of anything happening. A$$wipes like you were telling him he's foolish for saying such things... I hope history doesn't repeat.

    So that bold print right above hasn't caught your attention?

    How about this:http://www.youtube.com/watch?v=2I0QN-FYkpw What do you think of his comment at the 32 to 36 second mark? Funny how you want to dismiss it as ancient history when we are still feeling the effects RIGHT NOW of that prediction in 2006. That makes you genuinely stupid, and you cannot hide from it (unless you get Charles to delete this thread). Once your meds kick in, you will probably drop him a note. Don't blame you. I'd be embarrased too.

    If you make a comment on the video at teh 32 to 36 second mark, I will buy you this book. http://www.amazon.com/gp/product/159...d_i=B002N82NNY

    Unlike you, I am not a chump.
    Hmmm, lots of posts, but not one discussion the comments from the 32 to 36 second mark where Schiff calls the recession we are in NOW in 2006. Not relevant according to the freeloading cameraman living off his relatives hard earned fortune.

  9. #69
    Havakasha is offline
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    Mr. SiriuslyWrong and Juvenile returns and is unable to respond to all the FACTUAL evidence I provided on Mr. Schiff.

    Blind faith for his CULT leader.

    DONT PEOPLE FIND IT JUST A LITTLE ODD THAT MR. SIRIUSLY WRONG CAN ONLY TALK
    ABOUT one "right" prediction WITH REGARD TO PETER SCHIFF? LMFAO

    WHAT ABOUT 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 1/2 of 2007, 2009, 2010, 2011, 2012?
    JUST THINK. LMFAO.

    You know why he cant talk about all these years? Cause I provided evidence that he has been
    overwhelming wrong during all those years and he cant find a single FACT to refute it.

    His unwillingness to acknowledge this is truly pathetic.
    Last edited by Havakasha; 05-18-2012 at 02:00 PM.

  10. #70

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